MAHARASHTRA

The financial institution ceases to lift on Banking business, impacting the shut of enterprise on May 31. The bank does now not have ample capital and earning prospects. As such, it does now not comply with the provision of the Banking Regulation Act, 1949.

With its present financial position, the RBI found that the bank would be unable to pay its current depositors in full. The financial institution was positioned underneath RBI Directions from commercial enterprise on May 4, 2019.

With the cancellation of licence & commencement of liquidation proceedings, the procedure of paying the financial institution’s depositors as per the Deposit Insurance & Credit Guarantee Corporation (DICGC). Act, 1961, will be set in motion. As per the information submitted by way of the bank, more than 98 per cent of the depositors will obtain total quantities of their deposits from DICGC.

The states property registration department is in the final stage of adopting theblockchaintechnology to prevent duplication of original online agreement documents.

The blockchain technology would store e-registration data, said an official of the registration department. The data can be shared with relevant stakeholders, including property buyers, government authorities and financial institutions involved in funding the purchase.

The unique number on online registered documents having no stamps and signatures would help identify them. If documents are submitted to banks, bankers can feed details for verification. If data doesnt match, it would mean the document had been tampered with.

The new convenience center will serve as a one-stop center for exporters in the agricultural sector and promote agricultural exports in the region in accordance with global standards.

The center will use its experts to guide prospective exporters in all aspects of the agricultural product export chain of “agricultural products from farm to table”. It will organize publicity programs, training programs and workshops for related parties, organize visits to export companies for practical guidance, and organize buyer and seller meetings.

The third batch of JLN has been put into operation as part of measures to promote the integration of the three Services and resource optimization.

JLN will enhance joint interoperability between services and will greatly help in improving the processes of the armed forces.

According to the statement of the Ministry of National Defense, these JLNs will provide comprehensive logistics support for the armed forces small arms ammunition, rations, fuel, grocery stores, civil transportation, aviation clothing, spare parts and engineering support, so that they can synergize their operational efforts.

In addition to saving Money, this measure will also generate advantages in terms of saving manpower and resource utilization.

Maharashtraassemblyspeaker Rahul Narvekaron Thursday directed the to ensure that online Services reach the remote areas of backward districts so that the tribal people can avail of various government schemes.
He said help could be sought from either the Department of Information technology (DIT) or the State IT Department in this regard.

Minister Ravindra Chavan assured him to extend the date stating that earlier also it was extended nine times to accommodate all the beneficiaries.

Prime Minister Narendra Modi on Sunday unveiled a statue of Chhatrapati Shivaji Maharaj in the premises of the Pune .

The PM also paid floral tributes to the statue of social reformer Mahatma Jyotiba Phule at the civic headquarters.

Earlier, Maharashtra Governor Bhagat Singh Koshyari, state cabinet minister and senior Shiv Sena leader Subhash Desai, Leader of Opposition in the Assembly Devendra Fadnavis and BJP state president Chandrakant Patil welcomed Modi after he landed at the Lohegaon International Airport.

The inauguration of the 12-km stretch of the total 32.2-km long project took place at the Garware Metro Station, from where Modi proceeded to take a Metro ride to the Anandnagar station.

An estimated 10 lakh tribal community members spread across all 35 districts ofMaharashtrastand to benefit from thePradhan Mantriparticularly vulnerable tribal groups (PVTGs) Development Mission that was announced by finance minister Nirmala Sitharaman in the Budget.

The minister announced the launch of the Rs 15,000 crore time-bound programme for the development of specific tribal communities to ensure better Education, Health and livelihood opportunities.

According to the data with the tribal development commisisonerate, Nashik, there are about 10 lakh people belonging to Gond, Kolam and Katkari tribal groups.

The PVTG scheme was formed in 2015. There are several tribal communities with a very low Population, which is declining further. The levels of Literacy and economic progress are also low. Moreover, these communities use very traditional forms of agricultural practices and have very low health indices.

Central Mumbailed the revival in property sales in 2021, Thane had the highest stamp duty collection in the Mumbai Metropolitan Region (MMR) , while the western suburbs brought in the highest sales value of Rs 49,000 crore, found an study released.

Flat registrations in central Mumbai (Parel, Dadar, Prabhadevi, Wadala,Matunga) jumped 93% from 2019 and 71% from 2020. There were 7,337 registrations at an Average Rs 35,000 a square foot in the belt. Of these, the luxury segment had a 77% share in sales, said the report MMR Housing Uptick Aided By Support conducted jointly by CREDAI-MCHI, Colliers and CRE Matrix.

Thane (Kalwa, Majiwada, Wagle Estate, Kolshet, Kasarvadavli) accounted for the highest number of registrations with a 42% share in MMR, and the highest stamp duty collection. There were 1,02,054 property registrations at an average price of Rs 10,300 a sq ft. The clear preference here was for flats priced below Rs 1 crore, said the report.

The western suburbs (Andheri, Goregaon, Malad, Kandivli, Borivli, Dahisar) recorded 37,985 property registrations at Rs 21,300 a sq ft. The sales value of about Rs 49,000 crore accounted for one-fourth of the total sales revenue in MMR.

Maharashtra has sought the coal ministrys intervention in getting forest clearance from the Chhattisgarh government coal block allotted to its power stations in the Vidarbha region, becoming the second state to knock on the Centres doors over mining hurdles in a state that has the countrys third-largest coal deposits.

MAHAGENCO (Maharashtra State Power Generation Company) MD Sanjay Khandare last week wrote to coal secretaryAnil Jain, saying the utility had fulfilled the conditions for forest diversion for the Gare Palma-II coal block in October 2021 but the was yet to send its recommendation for Stage-I forest clearance to the Centre.

Khandare requested the ministry to intervene in the matter as an early clearance was important to start production from the block, located in Raipur district of Chhattisgarh, by October 2023 deadline.